If we are going into recession and if the Federal Reserve is going to go back to the Quantitative Easing (QE) well and takes interest rates back to zero, the U.S. dollar is going to tank and the inflation fire is going to heat up and it’s going to be stagflation.
Dec 11, 2018
Dec 10, 2018
The Most Expensive Christmas Tree In Europe
Munich-based gold dealer Pro Aurum made the Christmas tree out of gold coins. They've dubbed it "the most expensive Christmas tree in Europe. With it being valued at $2.6 million, I don't doubt them.
"The “tree” stands 3 meters tall and weighs in at 63 kilograms of pure gold. That translates to 138.891 pounds – approximately. It features 2,018 solid gold one-ounce Vienna Philharmonic coins, topped by a massive 20-ounce coin, placed into a golden star." - in Schiff Gold
Nouriel Roubini On Crypto and Blockchain
"Expect 1000s of crypto & blockchain ventures to go bankrupt. Almost all were total vaporware: they had no goods, services, products, software, apps. They stole the money & run. Crooks!"
- Nouriel Roubini, Twitter (December 10th, 2018)
Dec 6, 2018
Ethereum Has Lost Better Than 90 Percent Of Its Peak Value
Ethereum, the third largest crypto currency by market cap, just broke below 100 dollars per coin. Having trading near 1400 dollars per coin in January of this year.
Ethereum has lost better than 90 percent of its peak value. But it can easily drop by another 90 percent to return to its January 2017 price!
Dec 5, 2018
Real Estate Prices Are About To Drop
Now, I think with the stock market finally starting to go down, real estate prices are about to drop. They haven't fallen yet but if you look at supply, the supply is swelling of unsold homes that nobody is buying and that's exactly what happened in 2006, 2007. Before the prices went down the supply went up because people who have houses on the market they're kind of reluctant to drop their prices. They don't want to recognize where the reality is so the houses just sit on the market unsold. We have the biggest glut of unsold homes, new homes since 2007.
Dec 4, 2018
Markets: Gold Is Going Ballistic
A recent article from Mr. Schiff on how gold can go much higher from current levels: Peter Schiff: When Everything Blows, Gold Is Going Ballistic
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